USDJPY 2016-04-05

Apr 05, 11:33 am

USD/JPY

110.35

Market managed to sustain trades below 111.35 where managed to sustain drop toward 110.55 as we advised yesterday

market managed to fell below 110.50 support trend on safe haven demand which now showing ability for farther decline where our Mid-Run target back to stage again toward 106.60

however market may be in alert situation if dollar/yen fell below 110.00 levels as BOJ consider any prices below this zone as a potential intervention to weaken the Yen and so traders need to stay alert

as long as market holding trades below 111.05 the downtrend movement will sustain toward 108.80 and 106.60

  Support Resistence
Level 1 110.00 111.05
Level 2 109.50 111.70
Level 3 108.80 112.70
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